Bullish predictions for Liv-ex Fine Wine 100 Index

Wine collectors are feeling bullish about the market, according
to results from the latest Cellar Watch competition, which closed on Wednesday.
Cellar Watch members – wine collectors from around the world – were invited to guess
the end of year level for the Liv-ex Fine Wine 100 Index.

There were over 700 respondents, and predictions were
overwhelmingly bullish. September’s index level of 260.08 was the most recent: over
three quarters (77.8%) of respondents anticipated that this would rise by
December 31st. The average guess for its future level was 268.74,
which would show a 3.3% increase from September.

The chart below shows that the majority of predictions fell
within the 260 – 269.99 bracket, and the second largest amount were for 270 – 279.99.
Of the respondents, the vast majority (92.7%) predicted that the end of year level
would fall somewhere between 240 and 299.99.

Members were also surveyed on their reasons for buying wine.
Its importance as both a passion and an asset was evident, with three quarters of respondents saying they buy to both
drink and to invest. Of the remainder, 15.9% buy to drink only, and 8.6% buy to
invest only.

Wednesday’s month-end index level showed that the Liv-ex 100
fell slightly in October, but there are still two months to go before the end
of year level – and the winner – is revealed.

This blog is provided for informational purposes only and does not amount to financial advice or advice as to the value or likely future values of any of the wines it discusses. The opinions expressed are subject to change without notice. Neither Liv-ex Ltd nor any of the authors or editors accept any liability for the accuracy of its contents.